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October 18, 2017
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LOS ANGELES COUNTY NEWS
Archive
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• Two LA County Retail Sales Total Nearly $30 Mil
10/16/14
Two recent LA-area retail sales totaled up to $29 mil. The properties, Sierra Commons in Palmdale and Pacific Plaza in Torrance, have a combined 128k sf of retail space. In one of the deals, an investment group led by LA-ba...
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• Canadian Firm Buys Historic Building in Downtown LA
10/15/14
By Allen Wolfsheimer Canadian-based Retirement Concepts purchased a historic office-rise in downtown Los Angeles that in recent years had been converted to residential use, in a deal valued at $43.26 mil. The property is the...
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• Manning & Kass, Ellrod, Ramirez, Trester LLP Renews Its 80k sf HQ Office Space in Downtown LA
10/15/14
The firm of Manning & Kass, Ellrod, Ramirez, Trester LLP renewed its lease for 80.3k sf of office space at 801 S. Figueroa St in downtown Los Angeles. The transaction included a restructure of its existing commitment and long...
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• Photo Taken at LA’s One Bunker Hill a Winner in Annual CBRE Urban Photographer Competition
10/14/14
Check out this cool photo taken in the lobby of One Bunker Hill, one of downtown Los Angeles’ most historic and interesting office buildings. The photo was taken by American photographer Johanna Siegmann of Los Angeles, who w...
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• Xebec Realty Partners to Start Work on 343k sf Azusa Industrial Park
10/14/14
Xebec Realty Partners affiliate is able to move forward with development of 10th Street Center, a three-building 342.6k sf, Class A industrial park project in Azusa, after obtaining $28 mil in senior loan financing from PCCP ...
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• San Gabriel Valley Office Property Purchased for Conversion into Condo Units
10/13/14
In a recent San Gabriel Valley sale, CGM Development LLC purchased a 40.1k sf building in Diamond Bar for $7 mil ($175/sf). The building, located at 3333 South Brea Canyon Rd, south of the 60 Fwy and adjacent to the 57 Fwy, w...
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• Brazilian Steakhouse Inks Deal for New Restaurant in Downtown LA
10/09/14
Fogo de Chao, an authentic Brazilian steakhouse, agreed to a 15-year lease worth $6.25 mil for a 7.4k sf restaurant space in downtown Los Angeles. The new restaurant will be located at 800 S. Figueroa St, in the city’s financ...
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• Investors Pick Up Westlake Village Office Properties
10/08/14
In recent investment news from the Conejo Valley, two Westlake Village office buildings, totaling 84k sf, traded hands. The transactions were for Westlake Village City Center, a 64k sf building at 31111 Agoura Rd, and North R...
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• Trion Properties Makes Culver City Value-Add Apartment Buy
10/08/14
LA-based Trion Properties has acquired a 28-unit apartment community located at 4620 South Slauson Ave in Culver City for $6.8 mil, or $242.9k/unit. Trion bought the property from a private seller in an off-market transaction...
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• Westwood Financial Refis Long Beach Retail Property
10/08/14
Westwood Financial Corp has obtained $15.5 mil in refi money for Belmont Shopping Center, a 112.3k sf, grocery-anchored retail center in Long Beach. Belmont Shopping Center is situated on 7.19 acres at the intersection of Ana...
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• Historic Building on Rose Parade Route in Pasadena Sells for $36 Mil
10/07/14
An eight story, 123.1k sf office and retail building in Pasadena sold for $36.4 mil ($296/sf). The architecturally distinct building is located at 234 E. Colorado Blvd, about midway between Fair Oaks and Los Robles Avenues, a...
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• Ness Holdings Picks Up Three Value-Add LA Apartment Properties
10/07/14
Ness Holdings Inc recently acquired three multifamily properties, totaling 62 units, in Los Angeles, for a combined total of $11.5 mil. The firm plans to reposition each of these buildings into luxury apartment complexes. Th...
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• Glendale Apartment Sales Comp Works Out to $232k/Unit
10/06/14
A seven-unit multifamily property in Glendale just traded hands for $1.625 mil, the full asking price. The property, located at 518 Porter St, south of Colorado St and west of the 2 Fwy, generated 11 written offers and ultima...
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• Compton Industrial Facility Trades in Deal Worth $117/sf
10/03/14
SLAB Properties LLC recently completed and industrial property buy in Compton, paying $8.4 mil for a 72k sf ($117/sf) facility located at 250 West Artesia, adjacent to the 91 Fwy about midway between Wilmington Ave and Alamed...
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• Burbank Office Building Acquired by Chinese Investment Group for $22 Mil
10/03/14
In a recent Burbank office buy, Creative International Investments Inc, a China-based investment group, has acquired a 76.7k sf, Class A office building for $22 mil, or about $289/sf. The building is located at 250 E. Olive A...
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• Newly Merged Architecture Firm Takes Full Floor at Historic Building in LA’s Chinatown
10/02/14
NAC|Architecture and Osborn Architects have signed a lease for the entire 13k sf third floor at 837 North Spring St, in downtown LA’s Chinatown area. The long-term lease has a total value of $3.3 mil. The space will serve as...
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• All-Ways Pacific Leases 254k sf La Mirada Facility
10/02/14
Here’s a quick brief on a large industrial lease in La Mirada. Third-party logistics firm All-Ways Pacific LLC inked a deal for an entire 254.7k sf facility located at 15300 Desman Rd, south of Alondra Blvd and west of Beach ...
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• Raintree Partners Buys 39-Unit Studio City Apartment Property
10/02/14
Raintree Partners spent $9.5 mil on a 39-unit ($243.6k/unit) apartment property in Studio City. It was fully occupied at the time of sale. The property is located at 4250 Coldwater Canyon Ave, just north of Ventura Blvd. It...
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•  Construction Gets Started on New Residence Inn by Marriott in Pasadena’s Old Town
10/01/14
Fair Oaks Hotels LLC has begun construction on a five-story, 144-room Residence Inn by Marriott extended stay hotel in Pasadena. The $30.5 mil project, representing the first hotel to be constructed in Old Town Pasadena in mo...
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• San Gabriel Valley Shopping Center Receives $71 Mil in Refi Money
10/01/14
Huntington Oaks Shopping Center, a 328.7k sf community shopping center in the San Gabriel Valley city of Monrovia, was refinanced for $71 mil. The new financing package, arranged by Lucescu Realty, consists of a $60.5 mil sen...
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